I know there must be reasons and this is a dumb question, but I’m a bit of an abstract thinker and have trouble grasping it from a big picture presepctive. Can someone break this down for me? Can’t we all just kind of agree to just kind of… Reset some numbers or something?
Sincerely,
I’ve never taken an economics class in my life
In: Economics
There’s better answers from others on this thread, but the simplest way I can think of it is… Someone has to lose. You need to eat, pay rent, or whatever. To do those things, you have to either pay (which means you need to be working, or your employer has to pay you to not work), or the provider of that good/service has to give it to you for free and pay their employees to provide it. That’s in the “real” economy.
Now the share market is different, and that gets “paused” all the time. They have automatic suspension trading when the losses get too big in any single session, and that’s been activated a couple of times. To achieve this would be disruptive, but I suppose the stock exchange or government may be able to shut the whole thing down for an extended period.
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